Comstock Q3 net loss $0.8 million; board authorizes buyback of up to 15 million shares
Comstock reported a third quarter 2026 net loss of $0.8 million, or $(0.01) per share, which included a $14.0 million gain from the August 21, 2026 sale of its remaining mining assets. The Board also authorized a share repurchase program of up to 15 million shares, about 19.7% of outstanding common stock, with no obligation to buy any particular number of shares.
Key points
- Q3 2026 net loss of $0.8 million, or $(0.01) per share, including a $14.0 million gain on the mining asset sale
- Metals Segment revenue rose to $341,751 in Q3 2026, up 45.4% from $235,074 in Q2 2026
- Cash, cash equivalents and restricted cash totaled $43.5 million at quarter end, with no outstanding debt
- Board authorized repurchases of up to 15 million shares on November 2, 2026; the program may be modified, suspended or discontinued at any time
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.